Shiba Inu (SHIB) Price Pumped 355% in May 2021, But Could History Repeat Itself?

Cover image via U.Today

In May 2021, Shiba Inu (SHIB) surprised the cryptocurrency market with a remarkable 355% surge, marking the beginning of a significant rise for this meme-inspired token. Then a newcomer, it capitalized on the Dogecoin craze, making its first major impact. This resulted in a rapid price increase and the formation of a large and dedicated community.

However, SHIB in 2025 is a vastly different asset. Now valued at approximately $8 billion and boasting its own layer-2 network and a significantly expanded ecosystem, it's no longer an unexpected phenomenon. The meme coin market is highly competitive, attention spans are shorter, and achieving the viral momentum SHIB once enjoyed is considerably more challenging.

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